Movement Alert|T-Mobile US Falls 4.66% in After-Hours Trading, Multiple Banks Cut Price Targets

Market Focus
Oct 09

On October 9, T-Mobile US fell 4.66% in after-hours trading, trading at $163.421 per share, with turnover of $28.4761 million.

The after-hours decline follows a series of analyst price target reductions. Scotiabank lowered its target from $232 to $217, Barclays from $215 to $200, Goldman Sachs from $230 to $211, JPMorgan from $275 to $260, Deutsche Bank from $285 to $250, and Benchmark from $295 to $280. Despite the cuts, most brokerages maintained positive ratings. The company separately announced an increase in its quarterly dividend from $1.02 to $1.17 per share and introduced AI-driven AutoPilot network capabilities to enhance network resiliency, though these developments did not offset the negative sentiment from the target price revisions.

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